Over the last 12 days we have received over 550+points as bounty in Nifty Longs. We are near our last target and I am expecting another 50-100 more points but now the breadth seems awfully overburdened and hence we can expect some minor or routine correction. I am expecting a sector rotation to happen now as we cuould see many pharma stocks breaking out of consolidation yesterday and relative strength of Pharma wrt Nifty is on a roll. I have not yet seen any signs of reversal or short and when I do I will post a chart for short. Kindly see our journey over the last 12 days through the posted charts
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.